0001628280-24-010056.txt : 20240308
0001628280-24-010056.hdr.sgml : 20240308
20240308175101
ACCESSION NUMBER: 0001628280-24-010056
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240306
FILED AS OF DATE: 20240308
DATE AS OF CHANGE: 20240308
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Patton Stephana Eilene
CENTRAL INDEX KEY: 0001698237
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50644
FILM NUMBER: 24735908
MAIL ADDRESS:
STREET 1: 1010 ATLANTIC AVENUE
CITY: ALAMEDA
STATE: CA
ZIP: 94501
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CUTERA INC
CENTRAL INDEX KEY: 0001162461
STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 770492262
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3240 BAYSHORE BOULEVARD
CITY: BRISBANE
STATE: CA
ZIP: 94005
BUSINESS PHONE: 94005
MAIL ADDRESS:
STREET 1: 3240 BAYSHORE BOULEVARD
CITY: BRISBANE
STATE: CA
ZIP: 94005
FORMER COMPANY:
FORMER CONFORMED NAME: ALTUS MEDICAL INC
DATE OF NAME CHANGE: 20011119
4
1
wk-form4_1709938246.xml
FORM 4
X0508
4
2024-03-06
0
0001162461
CUTERA INC
CUTR
0001698237
Patton Stephana Eilene
C/O CUTERA, INC.
3240 BAYSHORE BLVD.
BRISBANE
CA
94005
0
1
0
0
Chief Legal Officer
0
COMMON STOCK
2024-03-06
4
A
0
25000
0
A
25000
D
COMMON STOCK
2024-03-06
4
A
0
25000
0
A
50000
D
COMMON STOCK
2024-03-06
4
A
0
30000
0
A
80000
D
Stock Option (Right to Buy)
2.11
2024-03-06
4
A
0
30000
0
A
2031-03-06
COMMON STOCK
30000
30000
D
Stock Option (Right to Buy)
2.11
2024-03-06
4
A
0
25000
0
A
2031-03-06
COMMON STOCK
25000
55000
D
25,000 shares of the securities represent restricted stock units (RSUs) granted to the reporting person. Each RSU represents a contingent right to receive one share of Common Stock. 25% of the shares shall vest on November 13, 2024 and then 1/12 of the remaining shares shall vest quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
25,000 shares of the securities represent performance stock unit awards (PSU) granted to the reporting person. Each PSU represents a contingent right to receive one share of Common Stock. A quantity equal to 25% of the shares shall become eligible for time-based vesting if the 30-calendar day trailing average of the Company's closing common stock price meets or exceeds $10.00 within four years of the grant date. Once the foregoing condition is attained, 25% of the award shall vest on the later of (i) the date such condition is attained or (ii) the commencement date plus one year, and then 1/12 of the remaining shares shall vast quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
30,000 shares of the securities represent performance stock unit awards (PSU) granted to the reporting person. Each PSU represents a contingent right to receive one share of Common Stock. A quantity equal to 25% of the shares shall become eligible for time-based vesting if the 30-calendar day trailing average of the Company's closing common stock price meets or exceeds $20.00 within four years of the grant date. Once the foregoing condition is attained, 25% of the award shall vest on the later of (i) the date such condition is attained or (ii) the commencement date plus one year, and then 1/12 of the remaining shares shall vast quarterly thereafter, subject to the reporting person continuing to be a service provider through each such date.
30,000 shares of the stock option will vest according to the following schedule: One-fourth of the shares subject to the option shall vest on November 13, 2024 and then 1/36 of the remaining shares subject to the option shall vest monthly thereafter, subject to the reporting person continuing to be a service provider through each such date.
25,000 shares of the stock options will vest according to the following schedule: 50% of the shares subject to the option shall vest on November 21, 2024 and then 1/24 monthly thereafter for 12 months, subject to the reporting person continuing to be a service provider through each such date.
/s/ Stephana Patton
2024-03-08